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Expert: Mark J. Markus- California Bankruptcy Attorney - 6/29/2009


Question
I am, along with perhaps 400 others, an independent contractor working for Consolidated Resorts here in Las Vegas. We were locked out last Tuesday and told that none of our real estate commissions would be paid because the company would be filing chapt 7. Are these commissions enforcable? Where do we fall on a bk judges list of creditors.To my understanding this company owes several large companies in the millions. We are are small(families) and losing 5-10 thousand dollars hurts us more than say a huge casino losing a million in unpaid rent. Can anything be done, can anyone help us?

Answer
You have a priority claim up to $10,950 for commission earned within 180 days prior to the commencement of the chapter 7 case.  You should file a proof of claim with the bankruptcy court and then hope there are sufficient assets available after liquidation to pay part (or all) of your claim.

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Mark J. Markus- California Bankruptcy Attorney

Expertise

Mark J. Markus is a Los Angeles bankruptcy attorney who has practiced exclusively bankruptcy law in California since 1991 and is rated A+ by the Better Business Bureau and is AV-rated by Martindale-Hubbell. He represents debtors, creditors, and Trustees in Chapter 7, Chapter 11, and Chapter 13 of the bankruptcy code throughout California.

Experience

Visit our California bankruptcy webpage at http://www.bklaw.com for more information on bankruptcy in general and Mark J. Markus in particular. Many questions are answered on the web page (hint, hint).
The Markus webpage also contains more information on

  • Which Chapter to File,
  • business bankruptcy,
  • chapter 7 bankruptcy,
  • chapter 11 bankruptcy,
  • chapter 13 bankruptcy,
  • Do You Need a Lawyer to File Bankruptcy?
  • Frequently Asked Bankruptcy Questions

    Also visit our Los Angeles bankruptcy blog for interesting articles and much more.



    Organizations
    Central District Consumer Bankruptcy Attorneys Association (CDCBAA) Los Angeles County Bar Association (LACBA) Commercial Law & Bankruptcy Section of the Los Angeles County Bar Association Financial Lawyers Conference (FLC) National Association of Consumer Bankruptcy Attorneys (NACBA) Los Angeles Bankruptcy Forum (LABF) American Bankruptcy Institute (ABI) San Fernando Valley Bar Association (SFVBA)

    Publications
    Central District Consumer Bankruptcy Attorneys Association Newsletter September 2007 (Vol. 1, Issue 2)

    Education/Credentials
    J.D., University of Arizona 1990. B.A. Economics, California State University, Northridge 1986. For more details please click here

    Awards and Honors
    AV Rated by Martindale-Hubbell (http://www.martindale.com) A+ Rated by Better Business Bureau

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